Running a self-managed super fund (SMSF)

How your SMSF is regulated

The ATO and the Australian Securities & Investments Commission (ASIC) are co-regulators of the SMSF sector.

The Australian Government makes the law.

The ATO regulates SMSFs in accordance with super laws and administers the tax system.

ASIC regulates financial services to protect consumers and manages SMSF auditor registration.

Together, the ATO and ASIC administer the laws.

What is an SMSF?

3 mins

What is an SMSF?	0%
The SMSF lifecycle	0%
Who is responsible?	0%
What you can’t do with an SMSF	0%

Your obligations when running an SMSF

1 mins

Your obligations when running an SMSF	0%

Contributions and rollovers

1 mins

Contributions and rollovers	0%

Contributions

6 mins

Contributions	0%
Contributions you can accept	0%
Types of contributions	0%
Recording your member's tax file number (TFN)	0%
Contributions – tax implications	0%
Concessional contributions	0%
Non-concessional contributions	0%
Member deductions for personal super contributions	0%

Rollovers

6 mins

Rollovers	0%
Rollovers into your SMSF	0%
Rollovers out of your SMSF	0%

Managing your fund’s investments

36 mins

Managing your fund’s investments	0%
Sole purpose test	0%
Your fund’s investment strategy	0%
Reviewing your investment strategy	0%
Activity	0%
Ownership of your fund’s assets	0%
Activity	0%
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Investment restrictions	0%
Loans and early access	0%
In-house assets	0%
Activity	0%
Activity	0%
Acquiring assets from related parties	0%
Activity	0%
Activity	0%
Collectables and personal use assets	0%
Activity	0%
Borrowing	0%
Activity	0%
Activity	0%
Carrying on a business in an SMSF	0%

Paying super benefits

8 mins

Preservation of super	0%
Paying super benefits	0%
When can a member legally access their super?	0%
Activity	0%
Can a member access super early?	0%

Types of benefits

18 mins

Types of benefits	0%
Lump sum	0%
Account-based income stream (pension)	0%
Requirements for account-based pensions	0%
Transition to retirement income stream	0%
Minimum pension standards	0%
Death benefits	0%
Death benefit nomination	0%
Death benefits and dependants	0%
Calculating tax on super death benefits	0%
Activity	0%
Death benefits and timing	0%
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Activity	0%

Reporting and administration

1 mins

Reporting and administrative obligations	0%

Understand how your fund is taxed

5 mins

Tax on income	0%
Assessable income	0%
Exempt current pension income	0%
Capital gains	0%
Non-arm’s length income	0%

Value your fund’s assets and prepare financial statements

2 mins

Value your fund’s assets	0%
When to carry out a valuation	0%
Who can carry out a valuation	0%
Evidence of valuations	0%

Arrange and receive an SMSF audit

7 mins

Arrange and receive an SMSF audit	0%
The audit process	0%
When an issue is found during an audit	0%
Activity	0%
Activity	0%

Lodge your SMSF annual return (SAR)

4 mins

Lodge your SMSF annual return (SAR)	0%
Include your ABN	0%
Funds without assets	0%
Lodgment due dates	0%
Supervisory levy	0%
Activity	0%

PAYG withholding obligations

4 mins

PAYG withholding obligations	0%
When tax is withheld	0%
Providing information to the recipient of the benefit	0%
When tax is not withheld	0%
Activity	0%

Reporting transfer balance cap events

3 mins

Reporting transfer balance cap events	0%
What you need to report	0%
When you need to report	0%

Record-keeping requirements

2 mins

Keeping good records	0%
Keep accurate records	0%

Notify the ATO and ASIC of changes

2 mins

Keep your fund details up to date	0%
Notify the ATO and ASIC of changes	0%

Consider professional advice

2 mins

How a professional can help you	0%
Activity	0%

Help and more information

3 mins

How your SMSF is regulated	0%
ATO	0%
ASIC	0%
SMSF support services	0%
Phoning the ATO	0%
Activity	0%

Related courses

1 mins

Related courses	0%

Course Feedback

Course Feedback	0%